Download or read book Essays on farm yield risks and risk management decisions written by Yunguang Chen and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Managing Risk in Farming written by and published by . This book was released on 1999 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Introduction to Risk Management written by Alan E. Baquet and published by . This book was released on 1997 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Applied Risk Management in Agriculture written by Dana L. Hoag and published by CRC Press. This book was released on 2009-10-20 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: Defining the fundamentals of building a risk management plan, Applied Risk Management in Agriculture uses strategic management to organize the process of risk management. A time-tested procedure inside and outside the business community, this technique provides an ideal platform for organizing risk.Making complex principles easily accessible to stu

Download or read book Managing Risk in Farming written by Joy L. Harwood and published by . This book was released on 1999 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The risks confronted by grain and cotton farmers are of particular interest, given the changing role of the Government after passage of the 1996 Farm Act. With the shift toward less government intervention in the post-1996 Farm Act environment, a more sophisticated understanding of risk and risk management is important to help producers make better decisions in risky situations and to assist policymakers in assessing the effectiveness of different types of risk protection tools. In response, this report provides a rigorous, yet accessible, description of risk and risk management tools and strategies at the farm level. It also provides never-before-published data on farmers' assessments of the risks they face, their use of alternative risk management strategies, and the changes they would make if faced with financial difficulty. It also compares price risk across crops and time periods, and provides detailed information on yield variability."--Publisher.

Download or read book Risk Management in Agriculture written by Peter J. Barry and published by Wiley-Blackwell. This book was released on 1984 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wiskundige analysemethoden voor het bepalen van financiele risico's in het landbouwbedrijfsbeheer

Download or read book Three Essays on Risk Preferences and Farm decision Making in the United States written by Sankalp Sharma and published by . This book was released on 2016 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crop insurance is a frequent topic of debate among policymakers. This dissertation answers questions relevant to the current discussion about the cost of insurance, participation in the insurance program and the relationship between farm characteristics and crop insurance returns.

Download or read book Coping with Risk in Agriculture written by J. B. Hardaker and published by Oxford University Press, USA. This book was released on 1997 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk and uncertainty are inescapable factors in agriculture. Farmers face production risk, from the weather, crop and livestock performance, and pests and diseases, as well as government-controlled institutional risk, and personal or human risk. Together with price or market risks, these constitute business risk which is further related to financial risk. All of these factors must be managed to achieve satisfactory management in agriculture. The aim of this book is to introduce the nature of agricultural decision making under uncertainty, the concept of rational choice and its foundations in theories of probability and risk preference. It also describes methods for the analysis of risky decisions that can be used in agriculture and the preparation of plans for risk management.

Download or read book Agricultural Risk Transfer written by Roman Marco Hohl and published by John Wiley & Sons. This book was released on 2019-03-25 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gain a holistic view of agricultural (re)insurance and capital market risk transfer Increasing agricultural production and food security remain key challenges for mankind. In order to meet global food demand, the Food and Agriculture Organisation estimates that production has to increase by 50% by 2050 and requires large investments. Agricultural insurance and financial instruments have been an integral part to advancing productivity and are becoming more important in increasingly globalized and specialized agricultural supply chains in the wake of potentially more frequent and severe natural disasters in today’s key producing markets. Underwriting, pricing and transferring agricultural risks is complex and requires a solid understanding of the production system, exposure, perils and the most suitable products, which vastly differ among developed and developing markets. In the last decade, new insurance schemes in emerging agricultural markets have greatly contributed to the large growth of the industry from a premium volume of US$10.1 billion (2006) to US$30.7 billion (2017). This growth is bound to continue as insurance penetration and exposure increase and new schemes are being developed. Agricultural (re)insurance has become a cornerstone of sovereign disaster risk financing frameworks. Agricultural Risk Transfer introduces the main concepts of agricultural (re)insurance and capital market risk transfer that are discussed through industry case studies. It also discusses best industry practices for all main insurance products for crop, livestock, aquaculture and forestry risks including risk assessment, underwriting, pricing, modelling and loss adjustment. Describes agricultural production risks and risk management approaches Covers risk transfer of production and financial risks through insurance and financial instruments Introduces modelling concepts for the main perils and key data sources that support risk transfer through indemnity- and index-based products Describes risk pricing and underwriting approaches for crop, livestock, aquaculture and forestry exposure in developed and developing agricultural systems Become familiar with risk transfer concepts to reinsurance and capital markets Get to know the current market landscape and main risk transfer products for individual producers, agribusinesses and governments through theory and comprehensive industry case studies Through Agricultural Risk Transfer, you’ll gain a holistic view of agricultural (re)insurance and capital market solutions which will support better underwriting, more structured product development and improved risk transfer.

Download or read book Risk Management and the Environment Agriculture in Perspective written by B.A. Babcock and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk Management and the Environment: Agriculture in Perspective is a modern academic work that seeks to bring out both to the private and the policy sectors the importance of risk management in relation to the envi ronment in agriculture, as the world moves towards freer markets. Many efforts were pooled together in making this book. Three years ago, an attempt was made by one of the editors to get a project on 'Agri cultural Risk Management and Sustainabilty' (ARMAS) funded by the European Commission. Probably deeming the proposal as prematurely novel for Europe, the Commission's screening experts abandoned its evaluation. Following that experience it became apparent that the literature on the theme ought to be strengthened and emphasized through a book by a well known publishing house. The editorial team was formed relatively quickly and an invitation to known experts in the field for contributions was issued. Subsequently, Kluwer Academic Publishers, evaluated an edited volume proposal package, and final revisions were made prior to submitting the entire manuscript for publication. We are gratefully acknowledging the moral support of several individu als as well as the patience of our publishers.

Download or read book Coping with Risk in Agriculture written by J. B. Hardaker and published by Cabi. This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: As with earlier editions, the aim of this book is to support better agricultural decision making by explaining what can be done nowadays in risk analysis and risk management. As before, the intended readership includes senior undergraduate or graduate students of agricultural and rural resource management, agricultural research workers, people involved in advising farmers, such as extension workers, financial advisers and veterinarians, some farmers themselves, and policy makers. Methods of risk analysis and management are evolving rapidly. This third edition includes some recent advances in both theory and methods of analysis. New material includes sections on state-contingent versus stochastic production functions and an introduction to the use of copulas for modelling stochastic dependency. Improvements in available software continue to expand the scope to better represent and model real-world risky choices, and this edition has updated its advice concerning use of contemporary software. The book has 13 chapters.

Download or read book Managing Risk in Farming written by David Kahan and published by Food & Agriculture Organization of the UN (FAO). This book was released on 2013 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: This guide is intended to help extension workers better understand the concept of risk, the situation where risk occurs and management strategies that can be used to reduce, or at least soften, its effect. It is hoped that the guide will be useful in assisting extension workers to provide farmers with advice on the kind of risk management strategies that they can employ to deal with risk in their day-to-day operations. In this way extension workers can help farmers recognize and understand the risks that they are likely to face and assist them in making better farm management decisions that reduce the negative effect of the risks encountered in farming.

Download or read book Essays in the Economics of Risk Management written by Huang Chen and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is motivated by two important policy changes in China's agricultural sector. First, the market-oriented land reform policies, such as strengthening individual property rights, are expected to raise productivity through multiple mechanisms including increased investment demand and land consolidation, which would take advantage of scale economies. Second, the subsidization and promotion of agricultural insurance are expected to increase agricultural investment by stabilizing farmers' income and expanding credit supply. In this dissertation, I explore a range of theoretical and empirical questions through the lens of the economics of risk to understand the potential impacts of the policies and generate insights for future policy design. The first study, "Agricultural Risk, Insurance, and the Inverse Relationship between Farm Size and Productivity", examines the potential for unintended adverse impacts of land consolidation on farm productivity and evaluates the degree to which insurance can mitigate the adverse impacts. Land consolidation may lower productivity and output if, as found commonly in the literature, an inverse relationship exists between farm-size and yield. I first develop a farm-household model that identifies an "Income Share Effect" (ISE), which provides a new risk-based explanation rooted in the Chinese context for the inverse relationship. In China, the prevalence of very small plots implies that most farm households have surplus labor and dedicate significant time to non-farm activities. As land size increases, farmers shift labor away from low-risk, off-farm activities and devote more time to risky farming. Land consolidation and the creation of a class of commercial family farms thus increases the share of household income at risk and leads larger farmers to behave more conservatively in their farming decisions. In the absence of insurance markets, the land reform policies may thus achieve the goal of land consolidation but at a cost of lower productivity. I then show that the introduction of perfect crop insurance offsets the inverse relationship as larger farmers are able to protect their specialized agricultural portfolio. I empirically test for the existence of the inverse relationship in the absence of insurance. I find that a 1 mu increase in farm size causes a 1.6 yuan/mu decrease in the value of yields. This implies that if average land size increases from the sample mean in 2013, which is 67mu/farm, to 100mu/farm in China, total production would decrease by 3%, a considerable magnitude when talking about national food supply. Finally, I show that the availability of crop insurance has a significant positive impact on productivity, allowing farmers to “recover” the productivity lost due to the inverse relationship. Because of the limitations of conventional agricultural insurance, China's government is considering promoting an index insurance market. However, based on experiences from other countries, low take-up rates could be an obstacle in developing this market. I investigate the issue of demand for index insurance in Chapter 3: "Theoretical Explanations of Low Take-up Rates of Weather Index Insurance". I use an expected-utility framework to explore the role of three determinants of insurance demand: subjective beliefs about weather risk, index quality as measured by basis risk (the risk of contractual non-performance) and, farmer heterogeneity in vulnerability to weather risk. The model clarifies how combinations of contract quality and farmer vulnerability map into welfare gains for and insurance demand by farmers. I then use 52 years of China's agricultural production and weather data to simulate demand and welfare impacts of the introduction of an index insurance market in 26 provinces.

Download or read book Risk Uncertainty and the Agricultural Firm written by Charles Britt Moss and published by World Scientific. This book was released on 2010 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text is the first major survey of risk analysis from the perspective of the agricultural firms since Agricultural Decision Analysis by Anderson, Dillon, and Hardaker published in 1977. In addition to updating the traditional material from that text, this book includes the statistical foundations of decision making under risk and uncertainty. Adding to the material covered in Anderson, Dillon, and Hardaker, the text includes material on dynamic decision rules, the arbitrage pricing model, real options theory, and state-contingent production relationships. Risk, Uncertainty, and the Agricultural Firm provides a unique discussion of each application ? developing the theoretical basis for each model and presenting an empirical roadmap (or the ?nuts and bolts?) of each model to facilitate the empirical application of each technique.

Download or read book Three Essays on the Agriculture Production Risk Management written by Sunjae Won and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Two Essays on Socio economic Aspects of Soil Degradation written by Food and Agriculture Organization of the United Nations and published by Food & Agriculture Org.. This book was released on 2001 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents: Dirt poor: poverty, farmers and soil resource investment/ by Leslie Lipper; Methodological issues in analysing the linkages between socio-eocnomic and environmental systems/ by Dan Osgood and Leslie Lipper. Includes 1-page abstracts in French, Spanish and Arabic

Download or read book Essays in Agricultural Finance and Risk Management written by Dmitry V. Vedenov and published by . This book was released on 2001 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: